Casino chips for sale Casino poker chips Custom casino chips Chocolate casino chips Casino chips value Free casino chips Free casino chips no deposit required Personalized casino chips Chips casino Counterfeit casino chips Fake casino chips Buy casino chi. 1991- Trump's Dad Buys 3.4 Million in Chips From His Son's Casino, but Never Plays a Hand

I was a fortunate young man. My brother and I lost our mother when I was just 6. Thankfully, my then estranged father was able use the monthly survivor benefits to afford a home for us in a suburb of Seattle. It made a lot of difference to be able to have that small amount of support, even if the money never made it into my own hands.    Casino chips.

Trump, by his blusterous accounts, is a self made man.  It’s either a lie or a clear and self benefiting ignorance of privilege, given that the 1 million he received from his Father would actually be valued at nearly 7 million today.

This is about the time that Trump’s Dad either gave him an illegal interest free loan, or simply bequeathed him 3.5 million bucks.  

ATLANTIC CITY — One of Donald Trump's casinos has admitted that it broke the law and violated terms of its license when the developer's father lent it $3.5 million by purchasing gaming chips when he had no plans to gamble, the state Division of Gaming Enforcement said yesterday.

It seems that at some point Donald Trump would be paying his Dad back for this money. Even if he paid him back, an interest free loan of 3.5 million to stave off impending failure is a handout that 99.9% of  people simply don’t have the option to get.

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What’s worse is that the Casino was fined the relatively pitiful amount of 30,000 bucks for its admittedly illegal activity.

 Trump Castle gets to keep the money, but must pay a $30,000 fine under terms of the settlement, Division Director Jack Sweeney said. Sweeney said Fred Trump also agreed to apply for a license as a financial source, which would make another such loan possible in June, when the next interest payment is due.

In an ironic twist that might be a good snapshot of Trump’s relationship with his father, his father turned out to be the only one of the his creditors who was actually guaranteed anything back.

Because the state guarantees the public that gaming chips can be redeemed, Fred Trump may be his son's only fully secured creditor.

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And why did Fred Trump do this? Because he couldn’t afford the mortgage on his business.

Through his attorney, Fred Trump bought 700 gray chips, each worth $5,000, in December so that Trump Castle Casino Resort would have enough cash to make an $18.4 million interest payment on its mortgage, the division said.

In my view, this is all part of the same problem as his tax returns. The reason he failed in the casinos is he has to be completely transparent when running those operations. He has to give his tax returns. He can’t simply rely on his own personal valuation of his name. 

Just wanted to update with another diary that I wrote, but nobody read. It was about the fact that Trump was conned by a Gorbachev impersonator.

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Just an amazing display of either craven publicity hogging and/or a great example of the complete incompetence of a windbag narcissist.

Posted by at 03:12PM

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